Comments on: Banking rout continues: ANZ forecasts 25% drop http://www.crikey.com.au/2008/07/28/banking-rout-continues-anz-forecasts-25-drop/ now with extra source Tue, 24 Nov 2009 16:23:56 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: mikhailovitch http://www.crikey.com.au/2008/07/28/banking-rout-continues-anz-forecasts-25-drop/#comment-19608 mikhailovitch Thu, 01 Jan 1970 10:00:00 +0000 #comment-19608 What an alarmist headline! Banking rout indeed! <br />Yes, it's a major misstep - but they're still going to make a multi billion dollar profit overall. Many a US financial institution would love to be doing as well as they are. What an alarmist headline! Banking rout indeed!
Yes, it’s a major misstep - but they’re still going to make a multi billion dollar profit overall. Many a US financial institution would love to be doing as well as they are.

]]> By: Connor Moran http://www.crikey.com.au/2008/07/28/banking-rout-continues-anz-forecasts-25-drop/#comment-19609 Connor Moran Thu, 01 Jan 1970 10:00:00 +0000 #comment-19609 I agree with the above. The shareholders select the board and pay them on "performance". So far the masters of the financial universe have performed very very VERY poorly, yet the captive customer takes it in the neck!<br /><br />Time the shareholders have a loss! (Luckily, I have $0 in our banking cartel in my self-managed superfund). I agree with the above. The shareholders select the board and pay them on “performance”. So far the masters of the financial universe have performed very very VERY poorly, yet the captive customer takes it in the neck!

Time the shareholders have a loss! (Luckily, I have $0 in our banking cartel in my self-managed superfund).

]]> By: A Customer http://www.crikey.com.au/2008/07/28/banking-rout-continues-anz-forecasts-25-drop/#comment-19610 A Customer Thu, 01 Jan 1970 10:00:00 +0000 #comment-19610 Why are shareholders immune from these massive financial mistakes but customers continue to wear interest rate increases over the Reserve Bank? When will we learn the names of the ANZ and NAB (and other banks) executives who approved these deals and how much longer will they keep their jobs? Keeping the shareholders happy (and in the dark) seems to be the name of the game these days! How will Rudd and Swan 'punish' these banks for hurting 'working families' with mortgages and recent retirees whose superannuation has also taken a hit after last year's $1 million 'once-in-a-lifetime' super-deal? Why are shareholders immune from these massive financial mistakes but customers continue to wear interest rate increases over the Reserve Bank? When will we learn the names of the ANZ and NAB (and other banks) executives who approved these deals and how much longer will they keep their jobs? Keeping the shareholders happy (and in the dark) seems to be the name of the game these days! How will Rudd and Swan ‘punish’ these banks for hurting ‘working families’ with mortgages and recent retirees whose superannuation has also taken a hit after last year’s $1 million ‘once-in-a-lifetime’ super-deal?

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